Tag: fed rate cut

“Negative interest rates? Over my dead body.” Jerome Powell did not say that. But if one were to reimagine the Federal Reserve chairman in a superhero comic book, that is precisely how his dramatized version would have screamed about “the biggest monetary policy experiment of modern times.” In the real world, a less-theatrical Powell conveyed…

Bitcoin is sliding downwards as investors await the meeting of global central bankers in Jackson Hole, Wyoming, starting today. The bitcoin-to-dollar exchange rate today plunged to $9,810.44, according to data provided by CoinStats’ cryptocurrency portfolio management app. At its weekly best, the pair was trading as high as $10,879.38. The move downward came despite warnings…

The bitcoin price has surged by 13.37 percent after trending in green for five consecutive days. As of 1040 UTC, the BTC/USD instrument was trading at $10,769.14, up 2.57 percent on a 24-hour adjusted timeframe. Earlier today, the pair had established $10,827.85 as its intraday high, according to data provided by CoinStats’ cryptocurrency portfolio management…

The bitcoin price has delivered two consecutive buying sessions on the daily charts. The world’s leading decentralized cryptocurrency established a intraday high of $9,780.96 during Hong Kong afternoon. While it has slipped by minor pips by the time of this writing, a newly developing fundamental on a macroeconomic scale is suggesting bitcoin would continue its…